Merrill Lynch has announced that it is set to launch the first FX CDO (collaterised debt obligation) or CFXO (collateralised FX obligation), an investment product designed to apply the CDO technology commonly used within the credit world to foreign exchange as an underlying asset class. The CFXO will be managed by Credit Agricole Asset Management (CAAM) and rated by S&P.
The EDM Council has successfully completed its first data quality metrics pilot designed to help financial institutions create a fact- based data quality baseline in support of the business case for i
New complex options coverage and enhanced risk management for banks will be unveiled by Misys at this year’s ACI World Congress in Montreal, Canada, to coincide with the latest release of Misys Opic
Claymore Investments has announced that it has selected RBC Dexia Investor Services to provide global custody, fund administration and securities lending services for its nine new exchange-traded fund
By end of 2010, Aite Group estimates that close to 75% of FX trading will be done electronically. At the end of 2006, 66% of the FX inter-dealer market ran on electronic trading platforms.
Financial services companies must embrace an advanced data infrastructure to manage fixed income data across asset classes, instruments and regions, says a new report from research and consulting firm Aite.
Orc Software, a technology provider for advanced trading, market making and brokerage, has announced significantly greater market demand in North America for Orc Software's advanced futures and options trading applications, and the CameronFIX connectivity products.
NAB Custodian Services (NCS), a securities services provider in Australia, yesterday announced the appointment of Markit Group as provider of its OTC derivatives valuations.
The International Securities Exchange (ISE) has launched trading in ISE FX Options. Four currency pairs began trading on 17 April on ISE’s options exchange: US dollar/euro (symbol: EUI), US dollar/British pound (symbol: BPX), US dollar/Japanese yen (symbol: YUK), and US dollar/Canadian dollar (Symbol: CDD). All four options classes traded with an aggregate volume of 101 contracts.
Telecommunications firm COLT’s new proximity services offering has got its first customer.